Government of Malta - New Stock Issues

On 19 July 2024, the Treasury announced the issue of two new Malta Government Stocks for an aggregate nominal amount of €270 million subject to an over-allotment option of up to a further €130 million.

The 2 new fixed-rate stocks are:

• The 3.40% MGS 2027 (VI), Fungibility Issue
• The 3.50% MGS 2034 (III)

The prices of these two new MGSs will be announced on Thursday 25 July 2024.

The General Public has the possibility of applying for these stocks in multiples of €100 and up to a maximum of €499,900 (nominal) per application.

For applications in excess of €500,000 (nominal), a tendering process will apply.

Subscriptions for the General Public open on Monday 29 July 2024 and close on Wednesday 31 July 2024. On the other hand, tenders in the form of sealed bids will open on Friday 2 August 2024 and close on the same day at 12:00 hrs (noon) – or earlier at the discretion of the Accountant General.

Further information is available in the Offering Circular dated 19 July 2024 issued by the Government of Malta. Pricing details will be announced on our website on Thursday 25 July 2024 in the afternoon.

For any clarifications, please send an email to info@rizzofarrugia.com or contact us on +356 2258 3000.